Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.40 and traded as high as $4.14. Crescent Point Energy shares last traded at $3.99, with a volume of 1,465,790 shares traded.
Several research firms recently commented on CPG. Canaccord Genuity reduced their price objective on Crescent Point Energy from C$8.00 to C$7.50 in a report on Tuesday, July 9th. BMO Capital Markets reduced their price objective on Crescent Point Energy from C$6.00 to C$5.50 in a report on Friday, June 14th. National Bank Financial reduced their price objective on Crescent Point Energy from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Tuesday, June 25th. CIBC upgraded Crescent Point Energy from a “neutral” rating to an “outperform” rating in a report on Friday, May 10th. Finally, Royal Bank of Canada cut their price target on Crescent Point Energy from C$7.00 to C$6.00 in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$7.13.
The stock has a 50 day simple moving average of C$4.10 and a 200-day simple moving average of C$4.40. The firm has a market capitalization of $2.20 billion and a P/E ratio of -0.99. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 58.69.
About Crescent Point Energy (TSE:CPG)
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, and Utah.
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